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2024 WPC470 Law Final Exam With Answers (650 Solved Questions)

2024 WPC470 Law Final Exam With Answers is the perfect tool for last-minute revision using past exams.

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WPC 470 Final Exam With Verified Questions & Answers Latest Updated 2024Which of the following statements about a flexible manufacturing system (FMS) is NOT true?a..Used properly, an FMS allows the firm to increase its effectiveness in responding tochanges in its customers' needs, while retaining low-cost advantages and consistentproduct quality.b.An FMS is a computer-controlled process that allows firms to produce a variety ofproducts in moderate, flexible quantities with a minimum of manual intervention.c.The goal of an FMS is to eliminate the "low cost versus product variety" trade-off that isinherent in traditional manufacturing technologies.d.An FMS allows a manufacturer to connect with its suppliers, distributors, and customers,which enables it to satisfy customer expectations in terms of product quality and deliveryspeed. - An FMS allows a manufacturer to connect with its suppliers, distributors, andcustomers, which enables it to satisfy customer expectations in terms of product qualityand delivery speed.Which of the following statements about a firm's resources and capabilities is true?a.All of a firm's resources and capabilities have the potential to be the foundation for acompetitive advantage.b.It is difficult to achieve and sustain a competitive advantage based on resources alone.c.As a source of competitive advantage, a capability must be exceedingly complex tounderstand and manage.d.When a resource is rare and valuable, it becomes a core competency. - It is difficult toachieve and sustain a competitive advantage based on resources aloneWhen examining the component of Future Objectives for a competitor analysis, which of thefollowing is NOT a question that is addressed?a.How do our goals compare with our competitors' goals?b.Where will emphasis be placed in the future?c.What is the attitude toward risk?d.What is our future break-even point? - What is our future break-even point?

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